AI-powered Accern lands $20M to analyze financial documents – TechCrunch
Summary
CEO Kumesh Aroomoogan said the new capital will be directed towards product-driven growth, expanding into new markets, and research and development of Accerns AI technology.More than 80% of the worlds data is unstructured. Kumesh Aroomoogan, a former research analyst for Wall Street companies, including Citigroup, co-founded Accern with Anshul Vikram Pandey in 2014. Initially, New York-based Accern focused on web surveillance and curation of particularly relevant narrow financial information. The service can scan public sources such as news publications, blogs, and SEC filings to measure consumer sentiment and predict the impact of supply chain disruptions on your business.Accern also provides a visual dashboard that allows users to tap to build apps with custom AI, or build pre-built classifications that cover companies, people, places, and themes. Many of our customers are using us to enhance their products with new features from existing models, business intelligence dashboards, and textual data in no-code workflows.Accern has raised $ 20 million so far.